Help Save & Exit Submit Identify whether each of the following situations is an
ID: 1119093 • Letter: H
Question
Help Save & Exit Submit Identify whether each of the following situations is an example of the market expansion effect or the labor pool effect of globalization: a) A furniture maker shifts production from the United States to China. This is an example of thel globalization. of b) Merck, the big U.S. pharmaceutical company, hires more scientists in the United States so it can develop drugs to sell in overseas markets. This is an example of the [(Click toselect, of globalization. alr d) AUS. newspaper hires reporters in India to wrte about the US stock market This is an example of th (Click to select) of globalization. d) A U.S. magazine hires reporters in the United States to write about the Indian stock market. This is an example of the ((Click to select) of globalization.Explanation / Answer
a=Labor pool impact
b=market expansion impact
c=labor pool impact
d=market expansion impact
Labour Pool Impact (Supply)
This impact causes compensation in the United States & other industrialized nations to fall on account of rivalry from low-wage labour in developing nations.
Market Expansion impact (Demand)
This has a positive effect on workforce demand as US firms now manufacture not only for the home market, but for markets abroad as well. Globalization outcomes in more consumers & sales, & hence in higher labour demand.
Labour Pool Impact (Supply)
This impact causes compensation in the United States & other industrialized nations to fall on account of rivalry from low-wage labour in developing nations.
Market Expansion impact (Demand)
This has a positive effect on workforce demand as US firms now manufacture not only for the home market, but for markets abroad as well. Globalization outcomes in more consumers & sales, & hence in higher labour demand.
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